Habitat Protection

Native Forest Regeneration

We have listed habitat protection and native forest regeneration as a separate category to highlight the significance it has for Prometheus.  We have a strong commitment to financing projects that have a conservation thrust.  

However, although we receive a significant number of applications that have substantial conservation values inherent in them, we do not receive very many applications that are solely for that purpose.  The majority of borrowers who wish to oversee the restoration of native habitats on their properties usually also have other objectives for the remainder of their properties, either for organic horticulture or eco-housing. Consequently, the majority of the habitat protection projects we have financed are reported under those categories rather than in this section as often the other objectives are judged to be the primary ones for which the loan was provided.

Nevertheless, you can see here a few examples of current loans that were largely provided for habitat protection and native forest regeneration purposes.

Liitle River Regeneration

The Kanuka-Waiwera Partnership was in touch again late in 2007 to draw the last tranche of the loan they had negotiated in 2001. After significant delays they were finally approaching completion of the bridge they had been building to provide better access onto their 13 hectare native forest regeneration project in Little River on Banks Peninsula more »

Northland regeneration

Dean Baigent-Mercer approached us for finance to purchase a block of land in the Far North to pursue his interest in native forest restoration and permaculture development. more »

Springs Junction Idyll

In 2005 we approved a modest loan extension to Darren and Lindy Peters to enable them to build a small cabin on land they owned in the head waters of the Mawhero/Grey river which they purchased to protect from development. more »

Kanuka-Waiwera Partnership

This partnership was initially formed by a group of four friends who joined forces to purchase a 13 hectare block of land near Little River on Banks Peninsula. more »

Bush Penguin Restoration

Kate McDonald and Herman Addens were committed to controlling the goats, possums and honeysuckle on their property. more »

Long Creek Company

The Long Creek Company was initially formed by a group of friends who were keen to purchase a block of land bordering the Long Creek river, inland from Kaikoura. more »